CAclubindia Articles

Overview of Amendment in Direct Taxes(Budget 2012-13)

Posted by Ravi Agarwal 19 March 2012 110420 Views

Introduction The provisions of the Finance Bill, 2012 relating to direct taxes seek to amend the Income-tax Act, inter alia, in order to provide for- A

King's Speech - Union Budget 2012-13

Posted by CS LLB Pulkit Gupta 19 March 2012 7274 Views

"For every benefit you receive a tax is levied" Another year of Budget and another year of expectations. Lemme tell you that being Finance Minster of India is not an easy job. Especially when yo

Rajiv Gandhi Equity Savings Scheme

Posted by Indraneel Sen Gupta 19 March 2012 32421 Views

The budget is over and the market is flooded with analyst reviews about the budget. Every budget has provided some tax benefits to the Am Admi(Mango People) linked with the market returns. This time also the Union Finance Minister Shri Pranab Mukher

Budget and provisions related to Trust and society

Posted by Yogesh Agarwal 19 March 2012 13118 Views

Dear all the annual budget had finally placed by the Fin Minister. Some drastic, some dramatical, some difficult to appetite amendments are proposed in the budget.I will not discuss the entire finance bill but only the amendment proposed in relation

New paradigm in Service Tax

Posted by Arun Kumar Singh 19 March 2012 26759 Views

Rajesh Kumar, AdvocateIn 2012 budget, there has been a paradigm shift in the Service Tax Laws. The shift is affecting all businesses- whether they are in manufacturing, service providing, NGOs, Trading or even Government departments. Even individual

Budget Analysis 2012- Service Tax Proposals

Posted by CA Nikhil Jhanwar 19 March 2012 53727 Views

It comes every year, but excitement and expectations from the Budget across the sectors and masses always remains. Budget 2012-13 (a 7th Budget by Mr. FM Pranab Mukherji) was just like a Glass- half e

My understanding of BUDGET - 2012

Posted by Durga Rao 19 March 2012 7436 Views

I am not an economist, and I am not even an eminent Chartered Accountant, however, from the views of various experts on the subject, I would like to express my understanding on Budget 2012 as follows: Background: We are all concerned at ou

Aligning Service Tax provisions with Central Excise

Posted by Pradeep Jain 17 March 2012 15526 Views

The Budget, 2012 has brought many changes in the Service Tax provisions in an attempt to align the same with provisio

Few highlights from Budget 2012

Posted by Guest 17 March 2012 14744 Views

1. Alternate Minimum Tax also applicable to persons other than company if the assessee is claiming deduction under Chapter VI under the Head C and under Section 10AA. However if the adjusted total income of any assessee being individual, HUF

Proposed amendments in Budget 2012-13 in Taxation-Part 1

Posted by Amit Bajaj 17 March 2012 44570 Views

RATES OF INCOME-TAX after Budget 2012 presented on 16.03.2012 A. Normal Rates of tax: 1. Where the total income does not exceed Rs. 2,00,000/-. Nil 2. Where the total income exceeds Rs. 2,00,000 but does not exceed Rs. 5,00,000/- 10 per cent of the